State of HMDA in 2019

Carl Pry

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Managing Director for Treliant Risk Advisors in Washington, DC. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Carl's Other Events

OnDemand

The CFPB’s new 2018 HMDA rules are now in effect, although the CFPB had announced that enforcement of the new rules will be delayed at least a year. As well, the CFPB recently issued a new proposal on threshold amounts and an ANPR on the new data elements. What will happen here? Will HMDA change yet again? The new rules expanded what types of loans are covered (to include lines of credit), and many more data elements (110, depending on how you count) are now collected. As well, the submission and disclosure processes changed, to the new CFPB online method. What do the CFPB’s announcements mean? What will HMDA data integrity enforcement be like? Should smaller lenders continue to collect the new data if they stopped? Will examiners be looking at it? What are the fair lending issues and risks you need to be aware of after submission? As well, the existing HMDA data elements must still be collected and submitted properly. We’ll discuss the current state of HMDA and get your questions answered.

The "State of HMDA in 2019" webinar has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. To receive a certificate, email info@ttsTrain.com. Certification holders must report these credits at https://aba.csod.com

Covered Topics

Recent proposal on threshold amounts and the ANPR on the new data elements – what may change? What CAN change?

The CFPB’s announcements about the new HMDA rule and delays in enforcement – what does all this mean and what should we do?

CFPB’s guidance on private vs. public data

Details of the new coverage rules – who collects and submits information, and when

What types of loans and lines of credit are reportable now

The new dwelling-secured loan standard – what does this impact?

Changes in the commercial loan area

New LAR fields – moving to 53 fields, but with many additional data requirements

New categories of reporting, including information on the property, loan type, and loan features; plus identification information

Changes on how GMI is reported

Changes to the submission process

Quarterly reporting for some institutions

How the public obtains HMDA information changes

Practical and compliance implications

What to do now that the 2018 data is out there? What types of fair lending analyses should you be doing?

Please note: This site employs features that may cause unexpected behavior in older versions of Internet Explorer. If you experience a problem, try refreshing your screen. If this doesn't solve the problem, click on this link.
Express Checkout

Error Condition Detected

We will now redirect your browser to our credit card processor - https://www.paytrace.com - for entry of credit card information.

Credit Card Processing Is Currently Offline

Direct credit card processing is temporarily offline. We apologize for the inconvenience. Please choose the 'Bill Me' option. If you leave your email address we will notify you when service is restored.